Everest Insurance Launches in Australia, Expanding Its Asia-Pacific Business

Everest launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority.

The business will operate under the name Everest Insurance Australia with offices in Sydney and Melbourne.

Christian Colombera, managing director, Australia and head of the Pacific Region will lead the business alongside a team of best-in-class regional underwriters to serve the growing needs of corporations across the Australian market.

“As we continue enhancing our global presence, we bring Everest’s customer-first model and decades of underwriting discipline and financial strength to address the unique and growing needs of the Australian market,” said Colombera. “We have assembled a deeply experienced team with a keen understanding of local market dynamics and the challenges facing businesses demanding the capacity and expertise across a wide range of insurance needs that Everest will deliver.”

Everest said it aims to help fill “a crucial void for tailored risk solutions in the property, casualty, financial lines, professional lines, and energy and construction sectors with the speed and agility required in the current insurance landscape.”

Source: Everest Group Ltd.

Topics
New Markets
Australia